$195,000
Median Home Price
$165,000
Avg. Loan Amount
270K
Population
10+
Licensed Lenders
Key Fort Wayne Neighborhoods
Explore popular neighborhoods and their median home prices. Click on map markers for details.
Map Legend
Aboite
$285KSouthwest suburb, growing
Downtown
$215KRevitalized urban core
Leo-Cedarville
$265KRural suburb
Fort Wayne Real Estate Market
Why Non-QM loans are popular in Fort Wayne
Growing demand for flexible mortgage solutions in Fort Wayne
Self-employed professionals benefit from bank statement loan programs
Real estate investors use DSCR loans for rental property financing
Non-QM loans available for borrowers with recent credit events
Frequently Asked Questions
Common questions about Non-QM loans in Fort Wayne
What is the minimum credit score for Non-QM loans in Fort Wayne?
Most Non-QM lenders serving Fort Wayne require a minimum credit score of 620-660, though some programs accept scores as low as 580 with compensating factors like larger down payments.
Can I get a bank statement loan in Fort Wayne, Indiana?
Yes, bank statement loans are available in Fort Wayne. Self-employed borrowers can qualify using 12 or 24 months of personal or business bank statements instead of tax returns.
What are DSCR loan requirements in Fort Wayne?
DSCR loans in Fort Wayne typically require a debt service coverage ratio of 1.0 or higher, meaning the property's rental income must cover the mortgage payment. No personal income verification is needed.
How much can I borrow with a Non-QM loan in Fort Wayne?
Non-QM loan amounts in Fort Wayne typically range from $100,000 to $3 million or more. With a median home price of $195,000, many borrowers find Non-QM loans essential for their purchase.
What Non-QM programs are most popular in Fort Wayne?
The most popular Non-QM programs in Fort Wayne include bank statement loans for self-employed borrowers, DSCR loans for real estate investors, and asset depletion loans for high-net-worth individuals.